Here's Why AMC Stock Skyrocketed Thursday

Motley Fool2021-05-28

What happened Shares of AMC Entertainment(NYSE:AMC)soared on Thursday, as traders on Reddit,Twitter(NYSE:TWTR), and other social media sites encouraged people to buy the popular meme stock. By the ...

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Comments

WGuertena
2021-05-28
WGuertena
If the WSB people actually rally this up, it's likely going to be a second round of GME... Really rare to see so many people coordinated together against shorts like this.
天天是夏天
2021-05-28
天天是夏天
[Thinking]
SimS
2021-05-28
SimS
facepalm
RichTea
2021-05-28
RichTea
Can hit $50 by next week?
- Jo5tarz:
  [捂脸]
Yymh
2021-05-28
Yymh
謝謝啦
暴风里的鸡蛋壳
2021-05-28
暴风里的鸡蛋壳
待會去入金，增加做空的保證金了

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In recent days, Reddit's traders have ramped up their promotion of AMC's stock. Hashtags including #AMCSTRONG, #AMCSqueeze, and even #AMC500k are trending on Twitter. This social media buzz has helped to fuel a sharp rally in AMC's stock price.\nAs the price rose sharply, more people piled in. Individual investors sank over $22 million into AMC's stock on Tuesday alone, according toThe Wall Street Journal. And on Thursday, AMC was the most actively traded stock on the New York Stock Exchange.\nNow what\nMany AMC bulls are hoping to ignite ashort squeeze. By coordinating their purchases and driving up the stock's price, they're hoping to force short-sellers to exit their positions. To do so, short-sellers must buy back the shares they sold short -- a dynamic that can accelerate a violent upward move in the price of a heavily shorted stock.\nShort-sellers betting against AMC have already suffered hundreds of millions of dollars of losses this week, according to Bloomberg. And with roughly 20% of AMC's float still sold short, it's possible that figure will grow much larger if the short squeeze continues any longer.\nHowever, here are some things investors may want to consider. The #AMC500k hashtag on Twitter is being used to promote the idea that AMC's stock price could soar all the way to $500,000 per share, up from $26.52 Thursday. If that were to occur, with its over 490 million shares outstanding, AMC's market capitalization would be about $245trillion.Thursday\nThat might be a wee bit high for a struggling movie theater chain, particularly since the total market cap of all U.S. public companies is roughly $50 trillion.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":134089667,"gmtCreate":1622192390159,"gmtModify":1704181206567,"author":{"id":"3580611059508133","authorId":"3580611059508133","name":"WGuertena","avatar":"https://static.tigerbbs.com/07d3ed4064329e17d318ef269f1f0030","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":1,"crmLevelSwitch":1,"idStr":"3580611059508133","authorIdStr":"3580611059508133"},"htmlText":"If the WSB people actually rally this up, it's likely going to be a second round of GME... Really rare to see so many people coordinated together against shorts like this.","listText":"If the WSB people actually rally this up, it's likely going to be a second round of GME... Really rare to see so many people coordinated together against shorts like this.","text":"If the WSB people actually rally this up, it's likely going to be a second round of GME... Really rare to see so many people coordinated together against shorts like 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hit $50 by next week?&nbsp;","listText":"Can hit $50 by next week?&nbsp;","text":"Can hit $50 by next week?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/135402929","repostId":1158850250,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4480748,"gmtCreate":1622176814080,"gmtModify":1680791513308,"authorId":3566111551860327,"author":{"id":3566111551860327,"idStr":"3566111551860327","authorId":3566111551860327,"name":"Jo5tarz","avatar":"https://static.tigerbbs.com/8cdaa131f223c2f17b3669bce62cc05e","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 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